Franchise & Excise Tax - Franchise Tax
The franchise tax is a privilege tax imposed on entities for the privilege of doing business in Tennessee. All entities doing business in Tennessee and having a substantial nexus in Tennessee, except for not-for-profits and other exempt entities, are subject to the franchise tax. Please view the topics below for more information.
- FT-1 - Franchise Tax Computation
- FT-2 - Franchise Tax Computation on a Final Return
- FT-3 - Proration of Franchise Tax on All Short Period Returns
- FT-4 - Indebtedness Add-Back in the Franchise Tax Net Worth Tax Base
- FT-5 - Rents Included in the Franchise Tax Base May be Offset by Sub-Rental Receipts Under Certain Conditions
- FT-6 - Construction In Progress is Not Included in the Property Tax Base (Schedule G)
- FT-7 - Computer Software is Excluded from the Property Franchise Tax Base
- FT-8 - Liquidation Basis of Accounting Used for Franchise Tax Purposes
- FT-9 - Election to Compute Net Worth on a Consolidated Basis
- FT-10 - Consolidated Net Worth Election Remains in Effect for Five Years
- FT-11 - Apportionment of the Consolidated Net Worth Amount
- FT-12 - Inclusion of Exempt Entities on the Consolidated Net Worth Election Form
- FT-13 – Property Measure Repeal
Contact an agent. Submit a request